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AI Analysis of PAA
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Plains All American Pipeline LP stock price up 1.77% on Thursday
(Updated on May 02, 2024)

Sell candidate since Apr 30, 2024 PDF

The Plains All American Pipeline LP stock price gained 1.77% on the last trading day (Thursday, 2nd May 2024), rising from $16.93 to $17.23. During the last trading day the stock fluctuated 1.95% from a day low at $16.95 to a day high of $17.28. The price has been going up and down for this period, and there has been a -2.6% loss for the last 2 weeks. Volume fell on the last day by -975 thousand shares and in total, 3 million shares were bought and sold for approximately $53.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $16.97 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.60% during the next 3 months and, with a 90% probability hold a price between $19.62 and $22.73 at the end of this 3-month period.

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PAA Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Plains All American Pipeline LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.66 and $17.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -8.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, February 09, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, February 09, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Plains All American Pipeline LP stock

On the downside, the stock finds support just below today's level from accumulated volume at $16.36 and $15.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Plains All American Pipeline LP finds support just below today's level at $16.36. If this is broken, then the next support from accumulated volume will be at $15.40 and $15.35.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.330 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PAA) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Plains All American Pipeline LP to open at $17.15, and during the day (based on 14 day Average True Range), to move between $16.86 and $17.60, which gives a possible trading interval of +/-$0.370 (+/-2.15%) up or down from last closing price. If Plains All American Pipeline LP takes out the full calculated possible swing range there will be an estimated 4.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.26 (0.17%) than the support at $16.36 (5.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Plains All American Pipeline LP will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.380. We will update the financials statements for Plains All American Pipeline LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.75% in the first trading day after earnings release.

Is Plains All American Pipeline LP stock A Buy?

The Plains All American Pipeline LP stock holds several negative signals and despite the positive trend, we believe Plains All American Pipeline LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.332 Sell Candidate Unchanged

Predicted Opening Price for Plains All American Pipeline LP of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$17.15 ( 0.445%) $17.23

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PAA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.48 1.47 %
R2 17.36 0.739 %
R1 17.28 0.287 %
Current price: 17.23
Support S1 17.03 -1.18 %
S2 16.95 -1.63 %
S3 16.82 -2.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.53 7.54 %
R2 17.75 3.02 %
R1 17.26 0.174 %
Current price 17.23
Support S1 16.36 -5.05%
S2 15.40 -10.62%
S3 15.35 -10.91%

PAA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 04, 2024 Apr 30, 2024 May 15, 2024 $0.320 1.86%
2 Jan 08, 2024 Jan 30, 2024 Feb 14, 2024 $0.318 2.03%
3 Oct 05, 2023 Oct 30, 2023 Nov 14, 2023 $0.268 1.73%
4 Jul 06, 2023 Jul 28, 2023 Aug 14, 2023 $0.268 1.75%
5 Apr 06, 2023 Apr 28, 2023 May 15, 2023 $0.268 2.02%

FAQ

What is the symbol for Plains All American Pipeline LP Stock and on which exchange is it traded?
The symbol for Plains All American Pipeline LP is PAA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Plains All American Pipeline LP Stock?
The Plains All American Pipeline LP stock holds several negative signals and despite the positive trend, we believe Plains All American Pipeline LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Plains All American Pipeline LP Stock?
Plains All American Pipeline LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Plains All American Pipeline LP Stock.

What's the current price of Plains All American Pipeline LP Stock?
As of the end of day on the May 02, 2024, the price of an Plains All American Pipeline LP (PAA) share was $17.23.

What is the 52-week high and low for Plains All American Pipeline LP Stock?
The 52-week high for Plains All American Pipeline LP Stock is $19.03 and the 52-week low is $12.07.

What is the market capitalization of Plains All American Pipeline LP Stock?
As of the May 02, 2024, the market capitalization of Plains All American Pipeline LP is 12.079B.

When is the next earnings date for Plains All American Pipeline LP?
The upcoming earnings date for Plains All American Pipeline LP is May 03, 2024.
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About Plains All American Pipeline LP

Plains All American Pipeline LP Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminal... PAA Profile

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